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G8 Education Provides Chairman and MD Addresses Presentation to AGM

19 May 2021  |  09:14:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 2021 AGM Chair & Managing Director Addresses & Presentation

G8 Education provided its Chairman's and MD's addresses presentation to the Company's AGM. They reported that it continues to make good progress on its portfolio optimisation activities. The divestment process for previously impaired centres is on track, with 13 sales or lease surrenders being completed, a further 2 agreements signed awaiting completion and in principle agreements reached for another 7 centres. The Group has signed Agreements for lease for 8 new greenfield centres with expected delivery timing and outflows to be updated at the half-year as council and building approvals are progressed further.

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